Thomas County cat. [volume] (Colby, Kan.) 1885-1891, 1887-10-20

notes come a little too fast, AZ soon a
he gets any thing paid his friends will
aid him when he is putting his money
where it can not be lost, and where the
property is taking care of the interest,
and in a very short time he will find
that he has got q very considerable in
vestment He will become interested
in it. save his money to meet his notes,
and he will directly come into q con-
siderable possession of property. and
hardly know how it came to him.
That is, he will have a motive for saw
ing. and will get the result of that saw
| ing. and will not be tempted to enter
into speculations. Nothing is SO safe
for an investment as improved real es-
tate. Nothing is likely to grow in
value faster. In the last fifty years,
ninety per cent. of all the merchants
and traders in Boston have failed. In
the last fifty years, ninety per cent of
all the business corporations have
failed or gone out of business. SO that
their stock has been wiped out In
the last fifty years all the improved
real estate, on the average, has paid its
interest and taxes and quadrupled in
value. If young mans father can
give him any thing to start him in the
world he had better invest it in that
way and let it accumulate, and earn
his living, and he will be richer than if
he had gone into business. Jay Gould
is said to have started from a mouse
trap seller to become a millionaire.
Assuming that to be true, he is only
one of 60, 600. 600 of people; and if any
young man thinks that he is going to
initiate Jay Gould, there are 6O,0OO.-
600 of chances to one that he won't
succeed.
The rule 1 would lay down for q
young man is never do a mean thing
for money. Be prudent and saving Of
your money. Be careful to have no
interest account running against you
unless you have an equal or greater in
terest account running in your favor.
Work diligently and you are sure of a
competency in your old age. and as
early as possible. if you can find a
saving, prudent girl who has been
brought up by mother who knows
how to take care of house, and make
wife of her, she will aid, and not
hinder you.
1 claim no originality in this advice,
and will relate to you an incident in
my own experience to illustrate it: In
my earliest practice in my profession
l was quite successful in earning
money. and had small balance in
the Lowell Bank, at the head of which
was Mr.. James G. Carney. The bank
was directly across the hall from my
Office. / stepped into the bank to de-
post little money on one occasion,
and Mr.. Carney said to me: "Why
don't you invest your money!" 'In-
vest" said II have nothing to in
vest" 20 yes" he says, "you have
quite little sum of money, and 1 see
that your young friends come in with
your checks occasionally, evidently
borrowing it. Now, you had better in
vest it?' "How can invest it?' '.In-
vest it in real estate" 81 know moth
ing about real estate' Go to the
first auction and buy the property. Yon
can not be much cheated in that be-
cause you will have to give very
little more than somebody else will
be willing to pay for it. Give your
notes for it, save your money, collect
your fees. pay your notes as they be-
come due. See that the property is
improved property, SO that the rent
will keep down the interest account,
and when you get any other money
invest it in the same way, and if your
notes press upon you little faster
than you can pay them. why, We will,
when we find that is what you are do
ing with your money, discount your
note and give you little more time,
so that you can pay it up. This will
necessitate the prompt collection of
your bills, for l know you would rather
work and earn hundred dollars than
dun man for it. unless you have a
pressing need for it. You have not
even asked for little bill that we owe
you in the bank. which shows me that
you do not promptly collect your
dues" followed the advice and
bought number of pieces of property
III that manner, and never did exact
ly know how they were paid for. but
they were, and in few years l owned
some twenty different pieces of prop
erty in Lowell that came to me in that
way. can only say that 1 wish had
been wise enough to have continued
this course through life.
l do not think l need to extend
these suggestions any further, because
if young man won't mind these he
won't any Others and can not sug-
gest any better ones. - Benjamin f.
Butler, in Chicago Times.
Fifty Millions Per Year.